Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
While Texas currently boasts no inheritance taxes, the future remains uncertain. With potential changes looming, it's a great idea to be proactive in estate planning. Here are some tips for preparing for future estate tax changes in Texas. Understand the current laws...
Being the executor (or personal representative, as it’s known in Texas) of an estate can be a thankless and difficult job. That is true whether you were designated by the deceased in their estate plan or appointed by a probate judge. You may have to deal with family...
If you’re making an estate plan as a new parent, one of your major areas of focus may be on choosing a guardian for your child. If something unexpected happens, you want to know that someone is there to care for them. Perhaps this is even what spurred the estate...
Whether you’re writing your own obituary as part of your estate planning or writing one for a deceased loved one, you’re probably not thinking about how it could be used by those with criminal intentions. However, unfortunately that’s something that’s crucial to keep...
It can be difficult to know when it’s time for elderly parents to move into a nursing home. And every family situation is unique. Family members have to consider factors like the type of care the person needs, the proximity of other family members and the cost. The...
Some people create an estate plan, put it somewhere safe, and never look at it again. Unfortunately, having an out-of-date estate plan can be almost as bad as not having one at all. Your life changes, and your estate plan needs to reflect those changes. Here are the...
As an adult, watching your parents grow older can feel challenging because you are watching them lose their strength and vigor. During this time, you may learn that one or both of your parents want you to be their executor. Before stepping into this vital role,...
It is true that estate planning often starts with asset distribution. You may be making your plan because you want to leave financial assets to your heirs and beneficiaries. You also want to divide things like sentimental assets or tangible items that you own. It’s...
Estate planning is important for all adults. But seniors, in particular, need to address the question of estate planning with utmost seriousness if they don’t already have an updated estate plan in place. This is because it's not merely a financial task; it's an act...
Having your estate plan reviewed regularly helps you identify any gaps or deficiencies in your will and other documents. It helps ensure that you have time to update your plan and repair its flaws before they cause problems. You generally have two options when...
